Elizabeth Warren is sounding the alarm on Trump’s 'spy sheikh' crypto deal

Senator Elizabeth Warren is demanding congressional hearings following a Wall Street Journal report revealing that Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser known as the "Spy Sheikh," secretly acquired a 49% stake in World Liberty Financial for $500 million just before Donald Trump's inauguration. The deal, signed by Eric Trump, allegedly funneled significant funds to Trump family entities and to Steve Witkoff, Trump's Middle East envoy. Warren condemned the transaction as "corruption, plain and simple," linking it to the Trump administration's approval of advanced U.S. AI chip sales to the UAE, which the Biden administration had restricted due to national security concerns related to Tahnoon’s AI firm, G42. Warren called for testimony from several Trump officials regarding whether they compromised national security for the benefit of the President's crypto company. The White House defended the situation, stating President Trump has no conflicts of interest and that Witkoff has since divested from World Liberty Financial.

(Source：CoinDesk)